Social grants set to increase faster than inflation as taxes rise

The South African government has committed R259.4-billion towards social development in the 2018 Budget, with social grant payments set to increase faster than inflation to offset the effect of higher taxes on poor households. During the tabling of the Budget on Wednesday, Finance Minister Malusi Gigaba noted that government had taken deliberate steps to adjust social grant values, adding R2.6-billion since the Medium-Term Budget Policy Statement to social grants to enable these changes.